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But a tax break for low-producing stripper wells gets slipped into a package with green energy breaks.
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The oil and gas industry has increased non-election year contributions to New Mexico’s politicians as the state Legislature debated new regulation in the 2024 session. The industry boosted its contributions to Democrats, the current dominant party in the state, while trimming back donations to Republicans.
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New and updated regulations, a royalties increase and enforcement funding await major debate.
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New bills could curb industry excesses; enforcement agencies offered small increases.
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After failing in the last legislative session early this year, a major update of New Mexico’s Oil and Gas Act is again in the works, this time with a sharp push from Gov. Michelle Lujan Grisham’s office.
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In a letter to lawmakers and state agencies like the departments of Energy Minerals and Natural Resources and Agriculture, some 16 different conservation organizations are highlighting the dire need for adequate staff funding to ensure current and future state investments in water conservation are utilized to their full potential.
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How the remote, ancient landscape became the center of a debate among Indigenous groups weighing the value of ancestral sites against the economic potential of their future.
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This October marks the 100th anniversary of the first oil leases on the Navajo Nation. In that time, outsiders have shown up looking for uranium, coal, oil and other minerals, taking resources and money while leaving contamination and poverty behind.
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The Bureau of Land Management has proposed comprehensive changes to its rules for oil and gas leasing on federal land for the first time since 1988. The revision is designed to increase industry returns for taxpayers while also reducing harm to wildlife and cultural resources as part of the agency’s effort to better balance development with conservation. New Mexicans are invited to attend an information session in Albuquerque Tuesday to learn more about it ahead of submitting input.
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This week, President Joe Biden went on a three day campaign blitz to show Americans in the Southwest what he’s been doing to help their day-to-day lives and how he’s tackling climate change in the meantime.